1. Peak

Look at the dotted cross position in the picture

If there is a sharp rise in a single day, far exceeding the upper track of the daily line, for example, it directly breaks through 69 tonight, then you have to run away. There will be at least an hourly level pullback, or even a pullback to the middle track of the daily line.

2. Spread the Wings

Please see the approximate position of the dotted cross in the figure

If the sideways adjustment continues for several days, the Bollinger Bands at the hourly level will have converged, and then it will suddenly rise and hit the upper daily line or close to the upper daily line, then you have to be wary of a short top here, which I call the Great Peng Spreading Its Wings.

Note that short tops do not necessarily pull back to the middle track of the daily line. They may also pull back at the two-hour or four-hour level, depending on the hourly level pullback situation at the time and the overall rise of the daily line.

For example, in the initial stage there may be only a small correction, but in the middle to late stages, there will generally be a daily middle track correction, that is, a medium degree correction, the purpose of which is to dissuade the bulls and obtain further rising liquidity.

That's all! $BTC